{"id":2147,"date":"2026-10-02T08:04:22","date_gmt":"2026-10-02T13:04:22","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/10\/02\/etobicoke-tower-shifts-to-rentals-61-story-condo-drops-to-50-stories-175-fewer-units\/"},"modified":"2026-10-02T08:04:22","modified_gmt":"2026-10-02T13:04:22","slug":"etobicoke-tower-shifts-to-rentals-61-story-condo-drops-to-50-stories-175-fewer-units","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/10\/02\/etobicoke-tower-shifts-to-rentals-61-story-condo-drops-to-50-stories-175-fewer-units\/","title":{"rendered":"Etobicoke Tower Shifts to Rentals: 61-Story Condo Drops to 50 Stories, 175 Fewer Units"},"content":{"rendered":"

In a significant pivot for the Etobicoke City Centre redevelopment, Montez Corporation has dramatically redesigned its flagship tower at 1243 Islington Avenue, switching from a 702-unit condominium to a 527-unit rental building while reducing the structure from 61 to 50 storeys. The shift reflects a broader GTA trend: developers converting condo projects to rentals and recalibrating unit mixes for more liveable spaces. The redesign drops studio units from 53 to 15 while increasing one-bedroom and two-bedroom units\u2014addressing investor-focused floor plans with liveable rentals. Notably, elevator capacity improves dramatically: the original plan meant one elevator per 140 condo units; the rental version offers one elevator per 105 units, significantly reducing wait times. Positioned directly across from Islington subway station in a Protected Major Transit Station Area, the project is among a transformative cluster reshaping Etobicoke Centre. The building joins dozens of new residential and rental towers reshaping the neighbourhood’s mid-century suburban identity into a high-density transit-oriented hub. For complete details and architectural renderings, visit the original article on UrbanToronto.<\/p>\n

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Source: Read the original article<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Montez Corporation switches 61-storey Etobicoke condo to 50-storey rental, reducing units by 175 and signalling major developer pivot in GTA market.<\/p>\n","protected":false},"author":2,"featured_media":2146,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[1093,220,1008,1094,207,257],"class_list":["post-2147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","tag-condo-to-rental-conversion","tag-etobicoke","tag-gta-market-trends","tag-islington-avenue","tag-toronto","tag-transit-oriented-development"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/2147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2147"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/2147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/2146"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}